REED vs SMX: Correlation
Measured on weekly returns over the past three years, Reed's, Inc. (REED) and SMX (Security Matters) Public Limited Company (SMX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REED and SMX?
On 3 years of weekly data the REED/SMX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -24573.7 %².
Out of 31 assets tracked against REED, SMX lands near the bottom at #28. On 12-month performance REED holds a 12.1-point edge, -84.1% against -96.2%. One caveat on sizing: SMX is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
REED vs SMX: side by side
| REED (Reed's, Inc.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -84.1% | -96.2% |
| 5-year return | -99.5% | -100.0% |
| Volatility (ann.) | 104.6% | 869.6% |
| Beta vs S&P 500 | -0.39 | 6.86 |
| Max drawdown (3Y) | -96.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REED | SMX |
|---|---|---|
| 2022 | -80.6% | +3.5% |
| 2023 | -54.3% | -99.7% |
| 2024 | -60.6% | -98.9% |
| 2025 | -44.4% | -99.7% |
| 2026 | -53.6% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and SMX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REED and SMX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.35 over the last year and -0.23 over 5 years.
Is SMX a good diversifier for REED?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/reed-vs-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reed-vs-smx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: REED correlations · SMX correlations
